Call from Philip Morris

Company hires former executive as new finance chief; fills void left by Camilleri's promotion to CEO. Also: Aspect Communication names new CFO.


>>Philip Morris named Dinyar Devitre as new CFO last week, replacing Louis Camilleri… Camilleri was promoted to top spot at cigarette and food company in January—takes the helm at the end of April… Devitre returns to the parent of Kraft Foods and Miller Brewing after working at Citigroup in Europe… Previously, he served in a variety of assignments during 27 years at Philip Morris, most recently as senior vice president, corporate planning… Philip Morris also appointed Amy Engel to treasurer spot, after serving as managing director, global risk management, with Philip Morris Management Corp.… Philip Morris U.S.A.—company's cigarette division—is appealing recent jury decision to award approximately $150 million in compensatory and punitive damages to the estate of a smoker… Company believes award "is inconsistent with the law and with the facts of the case." Parent company reported underlying operating revenues of $90 billion in 2001…

>> US Inc. hired Jeff Watts as finance chief… "He will be instrumental in helping the company grow our trust and risk mitigation services in both the enterprise and consumer markets," says Brent Cohen, president and CEO… Watts replaces Cinthia Solovei, interim CFO and controller… Watts most recently CFO at Capstone Turbine Corp., where he led company through various private financings, IPOs, and secondary offerings… US announced late last month that it closed another $6.1 million in financing, with net proceeds amounting to $5.7 million…

>> Aspect Communications Corp. named Gary Wetsel as CFO and chief administrative officer… He replaces Betsy Rafael, who accepted a senior financial position with unnamed technology company... Most recently, Wetsel was CFO at Zhone Technologies Inc.... Previously, he held executive positions at Octel Communications, Borland International, Wyse Technologies, and WarpSpeed Communications... Aspect will report financial results for the first quarter on Thursday, April 18…

>> Whitemark Homes Inc. announced that Mitchell Gordon has been named chief financial officer… Most recently, Gordon was the CFO of Soundelux Entertainment Group… Previously, he was senior manager at KPMG Peat Marwick…


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